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What is the value of the combined company?
Indeed, the market value of the combined company is now less than that of Daimler-Benz on its own.
The market value of the combined company, on the basis of Vodafone's current cashflow multiple of 22.5, would be more than £79 billion ($130 billion).
Early this year, the company said that it would take a charge of up to $60 billion to reflect the reduced value of the combined company since the acquisition was announced in January 2000.
By agreeing on a deal without any cash now, Vivendi would be betting that NBC's management will help raise the value of the combined unit so much that it is worth waiting to cash out later.
Should the deal win shareholder and regulatory approval, the market value of the combined entity, now about $25 billion, would surpass that of the New York Stock Exchange (NYSE), or Eurex, a German-Swiss derivatives giant.
Similar(7)
Despite the impossibility to report an accurate p-value of the combined result, it is possible to speculate the following.
The p-value of the combined Fisher test on the three p-values from the Mann-Whitney U test of distribution was 0.0047, confirming the alternative hypothesis that the median of the penta/hexa variances is smaller than that of the tri/tetra variances.
The final output of the method is, for each TF GO term pair, the q-value of the combined score.
In our analyses, the prognostic value of the combined-marker expression was not restricted to TNM-stages I III.
Table 1 presents the top 20 SNPs ranked by P-value of the combined test of main effect and interaction.
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